Potential Kings buyer Mastrov comes to Sacramento

Fitness chain founder interested in buying NBA team

The founder of the 24 Hour Fitness chain is reportedly interested in buying part of the Sacramento Kings.

David Bienick/KCRA

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The founder of the 24 Hour Fitness chain is reportedly interested in buying part of the Sacramento Kings.

David Bienick/KCRA

Mark Mastrov, a multi-millionaire and founder of the 24 Hour Fitness chain, came to Sacramento on Monday to discuss his interest in buying the Kings with local investors, according to Mayor Kevin Johnson's office.

"Today's meeting was another positive step forward in our work to save the Kings. Mark introduce himself, shared a bit of his vision for build a championship-caliber franchise, and heard from many who share his commitment to Sacramento and belief in the strength of our market," Johnson said in a statement.

Sacramento real estate developer Phil Oates told KCRA 3 he was among a dozen local investors who met for about an hour with Mastrov.

"There's a certain reputation I think he has. He went beyond that. Great guy. Great man of character. Integrity. He's everything you want in a partner," Oates said.

Oates said he had been concerned that an out-of-town buyer might end up relocating the team, but said Mastrov relieved his worries.

Oates said Mastrov pointed out that his home in the Contra Costa city of Lafayette is about an hour's drive from Sacramento.

Johnson's statement said one of 24 Hour Fitness's first locations had been in Sacramento.

"In a spirited and hopeful conversation, Mark reminded us of the sense of economic and civic possibility that has motivated our community from day one," read Johnson's statement.

Johnson has said that he hopes to unveil sometime this week a team of deep-pocketed "whales" who would present a counter-offer to a group from Seattle.

According to the NBA, league Commissioner David Stern met Thursday in New York City with Ron Burkle, the billionaire owner of the Pittsburgh Penguins.

Bob Cook, a minority of the Kings, said Monday he was still hoping to set up a meeting between Johnson and Oracle CEO Larry Ellison.